What triggered the tax-withholding share surrender in Cavco Industries’ Form 4?

The tax-withholding surrender was triggered by the release of Restricted Stock Units. As those units converted into shares, 29 shares of common stock were surrendered to cover associated tax liabilities, as explicitly described in the Form 4 footnote.

Cavco Industries (CVCO) executive surrenders 29 shares for tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cavco Industries executive Matthew A. Nino, President, Retail, reported a routine share disposition related to taxes. On the release of Restricted Stock Units, 29 shares of Common Stock were surrendered at $509.17 per share to cover tax withholding, not as an open-market sale. After this transaction, Nino directly holds 2,560 shares of Cavco Industries common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nino Matthew A

Role President, Retail

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	29	$509.17	$15K

Holdings After Transaction: Common Stock — 2,560 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares surrendered for taxes: 29 shares Price per share: $509.17 per share Shares held after transaction: 2,560 shares

3 metrics

Shares surrendered for taxes 29 shares Tax-withholding disposition on RSU release

Price per share $509.17 per share Value used for tax-withholding share surrender

Shares held after transaction 2,560 shares Direct ownership after Form 4 disposition

Key Terms

Restricted Stock Units, tax-withholding disposition, Common Stock, Form 4

4 terms

Restricted Stock Units financial

"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition related to the release of stock units"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Stock financial

"security_title: Common Stock reported as the security transacted"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describing the executive transaction"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 06:59 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nino Matthew A

(Last)

(First)

(Middle)

3636 N. CENTRAL AVE., STE. 1200

(Street)

PHOENIX

ARIZONA

85012

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAVCO INDUSTRIES, INC. [ CVCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Retail

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/22/2026		F		29⁽¹⁾	D	$509.17	2,560	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cavco Industries (CVCO) report for Matthew A. Nino?

Cavco Industries reported that executive Matthew A. Nino surrendered 29 shares of common stock to cover tax withholding on the release of Restricted Stock Units. This was a Form 4 tax-withholding disposition, not an open-market purchase or sale.

How many Cavco Industries shares were used for tax withholding in this Form 4?

The Form 4 shows 29 shares of Cavco Industries common stock were surrendered at $509.17 per share. The footnote explains this was for payment of tax withholding upon the release of Restricted Stock Units awarded to the executive.

Does the Cavco Industries Form 4 reflect an open-market sale by the executive?

The Form 4 does not show an open-market sale. It records a tax-withholding disposition, where 29 shares were surrendered to satisfy tax obligations on Restricted Stock Units, a routine administrative transaction rather than a discretionary market trade.

What are Matthew A. Nino’s Cavco Industries holdings after this Form 4 transaction?

Following the tax-withholding disposition, Matthew A. Nino directly holds 2,560 shares of Cavco Industries common stock. The reported transaction only affected 29 shares, leaving the executive with a substantially larger remaining equity position in the company.

What role does Matthew A. Nino hold at Cavco Industries (CVCO)?

Matthew A. Nino serves as Cavco Industries’ President, Retail. His position is identified in the Form 4 insider filing, which discloses his equity-based compensation activity, including the tax-withholding share surrender related to Restricted Stock Units.